The SME Brexit Support Fund could give you up to £2,000 to help with training or professional advice if your business has up to 500 employees and no more than £100 million annual turnover.
You can use the grant for training on:
- how to complete customs declarations
- how to manage customs processes and use customs software and systems
- specific import and export related aspects including VAT, excise and rules of origin
It can be used to help you get professional advice so your business can meet its customs, excise, import VAT or safety and security declaration requirements.
Your business must:
- be established in the UK
- have been established in the UK for at least 12 months before submitting the application, or currently hold Authorised Economic Operator status
- not have previously failed to meet its tax or customs obligations
- have no more than 500 employees
- have no more than £100 million turnover
- only import or export goods between Great Britain and the EU, or move goods between Great Britain and Northern Ireland, if you already import or export goods from or to a non-EU country you are not eligible for his grant
Your business must also either:
- complete (or intend to complete) import or export declarations internally for its own goods
- use someone else to complete import or export declarations but requires additional capability internally to effectively import or export (such as advice on rules of origin or advice on dealing with a supply chain)
See: Apply for a grant to help small and medium-sized businesses new to importing or exporting – GOV.UK
In this current economic climate, it is essential that businesses put in place measures to help them adapt to the market changes. Businesses must also keep a constant lookout for risk factors in their supply chains which could mean the difference between success or failure. By recognising and acting on the warning signs at the earliest possible opportunity you will be able to re-evaluate, improve and, where necessary, restructure your personal or business’ financial affairs.
At Beavis Morgan, our specialist advisers to SMEs are able to assist with all aspects of business performance including putting adequate measures in place to protect the health of your business, both now and for the future.
For further information about how we can assist you and your business, please contact your usual Beavis Morgan partner or email info@beavismorgan.com.